UK Daily Mail
Monday, April 12th, 2010
Greece was last night handed a generous national bailout by its euro partners which will end up costing British taxpayers more than £600million a year.
In a move aimed at shoring up dwindling confidence in the stricken country, the 16 eurozone members announced they would lend 30billion euros this year alone.
Asian markets were rising this morning on the news, as was the price of oil. Greek bank shares also rose as analysts said the bailout was ‘above expectations’.
Germany and France agreed that Athens should receive preferential cut-price loans to stave off a financial crisis.
This article was posted: Monday, April 12, 2010 at 4:09 am